Delivery Hero, a Berlin-based online and mobile food ordering service, has raised approximately $350 million in funding. Existing investors Insight Venture Partners and Kite Ventures were joined by new investor Vostok Nafta. Delivery Hero, a former Red Herring Europe Top 100 winner, will use the funds for existing markets such as the U.K. and Germany, and further international expansion. The company has now raised more than $635 million to date and operates in 23 countries. “Our growth rate of approximately 100% year-on-year underscores our confidence that we are on the right track to realize our ambitious vision for an amazing food ordering service all over the world. In a few of our markets we haven’t reached market leadership yet and we will use this investment to achieve our goal of becoming the clear number one in each market we operate in.”Niklas Östberg, CEO of Delivery Hero.
Vice Media has raised a total of $500 million from two separate sources. Technology Crossover Ventures and A&E Networks both paid $250 million each for a 10% stake in the company, valuing Vice at $2.5 billion. “We believe that these new partnerships position us at the forefront of the coming convergence of media and technology, while preserving and protecting our independence,” Vice cofounder and CEO Shane Smith said in a press release. “High-quality content and innovative tech platforms will drive Vice through this next period of growth on our relentless quest for total media domination.” The media company will use the funds to expand its offerings across platforms.
XAd, a location-based advertising company, has raised $50 million in combined equity and debt financing, led by Institutional Venture Partners. Emergence Capital and Softbank Capital, as well as Silicon Valley Bank also participated. XAd, founded in 2009, will use the finds to go live in France and China, and for possible acquisitions. “Our technology continues to push the limits of what’s possible in mobile advertising, and the world is just starting to understand the immense power of location-based ad targeting,” said Dipanshu “D” Sharma, CEO at xAd.
Social media management dashboard Hootsuite has raised $35 million in a new funding round led by Fidelity Investments, according to the Wall Street Journal. The newspaper also reported that the latest round of financing values Canada-based Hootsuite at close to $800 million. Hootsuite announced today that it has acquired Brightkit, a social marketing campaign solution provider. “We’re seeing explosive growth across all regions,” said Ryan Holmes, CEO of Hootsuite in a statement announcing the acquisition.